I've read Rich Dad Poor Dad and I know that a lot of the reason people is for job security.

Don't fall prey to analysis paralysis (You've read a couple rich dad books, you should get the reference).

I have no idea, but have wondered the same thing myself.Just thinking out loud, I think part of it is the "rags to riches" romanticism that the RE industry has...

I believe that any smart individual can be successful at virtually any level in Real Estate.

He made an average in 20 years with the up and downs of 3 plus percent with the stocks combo of mutual/ and individual.

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I will suggest:How Come That Idiot's Rich and I'm Not?

Also - you need to consider what additional risk you have holding in your individual names if, for instance, your partner runs into financial troubles and his/her other creditors get a judgment and attach a lien to his/her interest in the property.  

Unlike say a Century 21 which is often individually owned franchise, my company Long & Foster is all corporately owned....so they spend a lot of money on marketing and building the brand for us.

@Chris K.We are not talking about a few rouge individuals that got greedy.